USDCHF: Elliott wave analysis and forecast for 23.04.2021 – 30.04.2021
Main scenario: consider long positions above the level of 0.9127 with a target of 0.9505 – 0.9590.
Alternative scenario: breakout and consolidation below the level of 0.9127 will allow the pair to continue declining to the levels of 0.9073 – 0.8873.
Analysis: Presumably, the descending first wave of larger degree (1) of 5 finished developing on the daily time frame, with wave 5 of (1) formed inside. An ascending correction started developing as wave (2) on the H4 time frame, with wave A of (2) forming inside. The third wave of smaller degree iii of А appears to have formed... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6hkC
